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Ferro sells most of its polymer additives business

2014-12-22 04:35:05| Chemicals - Topix.net

Material supplier Ferro Corporation has sold the majority of the assets of its polymer additives business to a U.S.-based private equity firm for US$154 million in cash. Polymer Additives Inc., a portfolio company of H.I.G. Capital LLC, bought the assets from Mayfield Heights, Ohio-based Ferro Corp; assets included in the transaction are Ferro's four plants in the U.S. - in Bridgeport, N.J.; Cleveland, Ohio; Fort Worth, Tex.; and Walton Hills, Ohio - its manufacturing operation in Newport, UK; assets at the its former Baton Rouge, La.

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Category:Chemicals

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